Mattel (NASDAQ:MAT) Rating Increased to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Mattel (NASDAQ:MAT) to a strong-buy rating in a report published on Monday,Zacks.com reports. DA Davidson also issued estimates for Mattel’s Q1 2025 earnings at ($0.15) EPS, FY2025 earnings at $1.68 EPS and FY2026 earnings at $1.78 EPS.

Several other equities research analysts also recently weighed in on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, Morgan Stanley increased their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Trading Down 1.9 %

Shares of Mattel stock opened at $14.64 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The company has a fifty day simple moving average of $19.41 and a 200-day simple moving average of $19.01. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.35 and a beta of 0.51. Mattel has a 12-month low of $13.95 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Mattel will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. EdgePoint Investment Group Inc. grew its stake in shares of Mattel by 14.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company’s stock worth $818,681,000 after purchasing an additional 5,984,400 shares during the period. Vanguard Group Inc. grew its position in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after buying an additional 355,769 shares during the period. Franklin Resources Inc. grew its position in Mattel by 15.9% during the fourth quarter. Franklin Resources Inc. now owns 10,843,505 shares of the company’s stock worth $192,255,000 after buying an additional 1,491,282 shares during the period. Dimensional Fund Advisors LP increased its holdings in Mattel by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,673,295 shares of the company’s stock valued at $118,318,000 after buying an additional 453,390 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mattel by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock valued at $116,896,000 after acquiring an additional 17,309 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.